The Barchart Chart of the Day belongs to the pet food company Freshpet(FRPT). I found the stock by using Barchart to sort the Top Stocks to Own list by the highest Weighted Alpha, then used the Flipchart feature to review the charts for consistent price appreciation. The Trend Spotter signaled a new buy signal today.
Freshpet Inc. is a pet food company. The company manufactures and markets natural fresh foods, refrigerated meals, and treats for dogs and cats in the United States and Canada. Freshpet provides meats- based recipes, such as chicken, beef, lamb and salmon; fruits and vegetables, such as carrots, peas and leafy green vegetables, and high-fiber grains, such as brown rice, oats and barley. It sells its products under the Freshpet, Dognation, and Dog Joy brand names. Freshpet Inc. is headquartered in Secaucus, New Jersey.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart technical indicators:
- 100% technical buy signals
- 164.99+ Weighted Alpha
- 136.97% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 6 new highs and up 7.42% in the last month
- Relative Strength Index 65.36%
- Technical support level at 37.42
- Recently traded at 39.10 with a 50 day moving average of 35.62
Fundamental factors:
- Market Cap $1.32 billion
- Revenue expected to grow 22.20% this year and another 24.00% next year
- Earnings estimated to increase 58.30% this year, an additional 680.00% next year and continue to compound at an annual rate of 25.00% for the next 5 years
- Wall Street analysts issued 3 strong buy, 2 buy and 5 hold recommendations on the stock
